# The slope of the total product curve measures _______. (a) the marginal rate of technical...

## Question:

The slope of the total product curve measures _____.

(a) the marginal rate of technical substitution

(b) marginal product

(c) average product

(d) the maximum average product

(e) minimum product.

## Total Product:

In the market, when a firm produces a good or service, it needs to use various input resources, such that labor, capital, and so on. Using a specific amount of input resources, the total output generated by the firm is known as the total product.

## Answer and Explanation: 1

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View this answerThe correct option is: **(b) marginal product.**

Explanation:

When analyzing the total product curve, one can conclude that the slope of the TP curve...

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Chapter 4 / Lesson 2In Economics, there are three factors involved in the theory of production: total product, average product, and marginal product. Explore this theory and learn how to maximize the efficiency of these production tools.

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